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Jun 17, 2013
06/13
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. >> reporter: leaders representing half of the $72 trillion global economy are meeting to discuss a whole array of issues. that set by the agenda of david cameron. key nations such as the united states, russia and japan are all here to discuss trade issues, there are great hopes of a trade deal between europe and the united states that could be worth up to $100 billion in the united states. we're going to be talking about tax avoidance issues which could have ramifications for companies such as amazon and google. those companies say we are abiding by the laws of those countries. elsewhere the whole syrian issue overriding a lot of talks. there's a big dispute between president putin of russia and the rest of the g8 nations about what to do. president obama said to me earlier today, the talks had been excellent between himself and russia. there appears to be an opinion about how to resolve this crisis. for nightly business report, i'm steve sedgwick. >> in another bit of international diplomacy. the european union is likely to approve the plan without any conditions. the $10 billion
. >> reporter: leaders representing half of the $72 trillion global economy are meeting to discuss a whole array of issues. that set by the agenda of david cameron. key nations such as the united states, russia and japan are all here to discuss trade issues, there are great hopes of a trade deal between europe and the united states that could be worth up to $100 billion in the united states. we're going to be talking about tax avoidance issues which could have ramifications for companies...
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Jun 15, 2013
06/13
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KQED
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they can look at how the economy is growing and try to build, build, build ahead to satisfy demand ahead. >> reporter: a reminder in this state, if you build it, you can force them to come. for nightly business report. >> coming up, if you were watching yesterday and i know i was, you saw george lucas and steven spielberg say one day you'll be paying a whole lot more to see a movie. guess what? that day has come. but first, top commodities, treasuries physical therapied today. -- faired today. >>> the up scale sport, won over millions of women with the high price yoga gear plans to open up stores just for men. it may be known for the costly recall of see through women's yoga pants so the big question will men dare to buy lulu's wear. >> it doesn't seem manly to me. >> in the unisex store i probably could meet more women. >> the embarrassing recall, today the company posted a rather add for a new chief executive. candidates for the quote head boss person will often need to concomplicate, hold a head stance for ten minutes and bring yoga to mars within five years. later the companyish shup
they can look at how the economy is growing and try to build, build, build ahead to satisfy demand ahead. >> reporter: a reminder in this state, if you build it, you can force them to come. for nightly business report. >> coming up, if you were watching yesterday and i know i was, you saw george lucas and steven spielberg say one day you'll be paying a whole lot more to see a movie. guess what? that day has come. but first, top commodities, treasuries physical therapied today. --...
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Jun 15, 2013
06/13
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LINKTV
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wasor many, the economy forthright in their minds when they went to the ballot box. >> this current situation should be change. you know how tough it is for people. people suffer from high prices. >> eight years of auckland in the jobs credit is a -- the sanctions have heard. , itue to increasing prices is getting worse and worse. i want stations to be lifted. >> he urged all iranians to come out and vote, saying it was not only their national duty, that the religious duty. point. in the size that -- leaders emphasized that point. >> the government has been eager to ensure there is no repeat of the pro-reformist demonstrations, and violence which marge -- marred the elections four years ago. the voting shows iranians do care about who their next president will be. the interior ministry extended the hours of voting three times on friday. pose -- polls opened at 8:00 in the morning. that is, the polls were extended for the interior ministry for the surge of voters. they predicted a turnout of 70% of people. even after when they lock the doors, they let the people inside cast their vote. one of
wasor many, the economy forthright in their minds when they went to the ballot box. >> this current situation should be change. you know how tough it is for people. people suffer from high prices. >> eight years of auckland in the jobs credit is a -- the sanctions have heard. , itue to increasing prices is getting worse and worse. i want stations to be lifted. >> he urged all iranians to come out and vote, saying it was not only their national duty, that the religious duty....
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Jun 15, 2013
06/13
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economy. she said the feds quantitative easing helps the recover ne the u.s. and supports the global economy. >> there is no need to rush to exit from monetary accommodations given the still large output gap, gishton subdued growth that we have, and given the well-anchored inflation expectations. >> lagarde says the monetary easing should continue at least through the end of the year. the fed is buying $85 billion in bonds and other assets each month to lower borrowing costs and stimulate employment, but investors speculate it may start tapering off these stimulus measures. the imf report notes markets could overreact leading to a sharp increase in long-term interest rates and volatility of international markets. >>> united nations officials say they expect average life spe expectancy around the world to rise to almost 82 at the start of the next century and they expect the global population to reach more than 10 billion. the u.n. officials released their forecast in a report called world population prospects. they say they think people in east asia, europe an
economy. she said the feds quantitative easing helps the recover ne the u.s. and supports the global economy. >> there is no need to rush to exit from monetary accommodations given the still large output gap, gishton subdued growth that we have, and given the well-anchored inflation expectations. >> lagarde says the monetary easing should continue at least through the end of the year. the fed is buying $85 billion in bonds and other assets each month to lower borrowing costs and...
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Jun 17, 2013
06/13
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KICU
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either, and says his firm is moving back to the financial sector with the housing market recovering, the economy stable, and businesses and consumers ready to borrow. a number of critical shareholder meetings are coming up, including a meeting today of elan shareholders. and this one is big. elan has been the focus of the hostile takeover battle of the year, and now the company is up for sale. board members want royalty pharma to make an offer. the company already rejected royalty's $6.7 billion bid. what's at stake are profits from elan's potential new blockbuster drugs. friday, shares closed up $1.05. meanwhile, office depot's largest shareholder is pushing for decisions. starboard value claims the office supply company failed to hold a shareholder meeting to elect new board members. starboard wants the board elected now, in the event the company's plan to merge with office max falls through. a special shareholder meeting is set for july 10th. the new contract for caterpilllar workers went into effect sunday, and just as employees signed off on the deal, cat is laying off a third of the worker
either, and says his firm is moving back to the financial sector with the housing market recovering, the economy stable, and businesses and consumers ready to borrow. a number of critical shareholder meetings are coming up, including a meeting today of elan shareholders. and this one is big. elan has been the focus of the hostile takeover battle of the year, and now the company is up for sale. board members want royalty pharma to make an offer. the company already rejected royalty's $6.7...
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Jun 17, 2013
06/13
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CNBC
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troops over there, so when does that mess over there start forcing gasoline prices higher and maybe the economy, not just here, but globally lower? sue is at the new york stock exchange. hi, sue. >> hi, ty. food to see you. when a monday on wall street to start out week. the dow has been on the move, smartly higher. right now a triple-digit advance on the dow right now of 166 points. the s&p and nasdaq also in green territory with the s&p up just better than 1%, and the nasdaq is up 1.25%, so actually the nasdaq is faring the west of the three indices 3-m, delphi a hitting all-time highs and boeing, staples, amat hitting 52-week highs. the dow having a triple-digit move, but this is the fifth straight move th session where we've seen that kind of move. a look at the vix and we'll talk about that in just a second. the last week it was up 8%, and that brings us to bob pisani who also tracks the volatility. >> we do, and while it's been up since may 22nd when mr. bernanke gave his congressional testimony, the important thing is steady as she goes. the last few days, real found a floor. look at the
troops over there, so when does that mess over there start forcing gasoline prices higher and maybe the economy, not just here, but globally lower? sue is at the new york stock exchange. hi, sue. >> hi, ty. food to see you. when a monday on wall street to start out week. the dow has been on the move, smartly higher. right now a triple-digit advance on the dow right now of 166 points. the s&p and nasdaq also in green territory with the s&p up just better than 1%, and the nasdaq is...
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Jun 18, 2013
06/13
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KICU
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still means that there's monster stimulus coming into the economy. - were you surprised, though, how quickly people traded off that news coming in from the wall street journal, and then the financial times, during the session? that really moved the market. - i think there has been very little volatility. the move index, which people don't talk about too much, is similar to the vix index. the vix index is the volatility index in the stock market. the move index is a similar index for the bond market. it was at an all-time low at the beginning of may. it was at about 48. as of last week, it got into the mid 80s. so in may, i don't think the market necessarily, from a chain-weighted option volatility index, was expecting much of a move. as these numbers came into the market and some of the rhetoric came into the market, i think it caught people a little bit behind in terms of their hedging. so i think that caused the market to rally and race a little bit to get to a point where people feel like if there is some tapering, they are a little more comfortable with where rates are. - good to
still means that there's monster stimulus coming into the economy. - were you surprised, though, how quickly people traded off that news coming in from the wall street journal, and then the financial times, during the session? that really moved the market. - i think there has been very little volatility. the move index, which people don't talk about too much, is similar to the vix index. the vix index is the volatility index in the stock market. the move index is a similar index for the bond...
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Jun 21, 2013
06/13
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KICU
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is a recovering economy a good time to start a business? - you know, it's funny, is there ever a good time to start a small business? haven't our greatest corporations been started in depressions and recessions? my feeling, bill, is that there really has never been a better time to start a small business. there are so many resources available out there for the small business owner to use. one example is, the ups store has started a partnership with score. score is an organization of individuals - used to be a bunch of retired people - still is - very experienced and seasoned - but now they have a lot of executives who are running their own businesses, and managers, and they mentor small businesses. so that is a resource that's out there for small business owners to use - a free resources - that they can rely on to help them with their business plans, bounce ideas off of, give them ideas for running a business. these are the kinds of things that really didn't exist just years ago. - and the small business administration, that's another great
is a recovering economy a good time to start a business? - you know, it's funny, is there ever a good time to start a small business? haven't our greatest corporations been started in depressions and recessions? my feeling, bill, is that there really has never been a better time to start a small business. there are so many resources available out there for the small business owner to use. one example is, the ups store has started a partnership with score. score is an organization of individuals...
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Jun 16, 2013
06/13
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WJLA
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>> so 2% economy. do you think the market is ahead of itself knowing we are in a 2% grower? >> personally, i don't think so, the phrase we have been using is tina, there's no alternative. and i agree with rebecca, that you are not in a situation where you are going to be getting high real rates from bonds. i think the back up in bond yields was a reminder that you can lose money, particularly in bond funds.s. so it's a very strong environment. i think, it's a strong reminder that equities are an important part of the total return that investors are seeking. >> and i think one of the good things that he said about unemployment ratnte and it not coming down quickly. you know, consumers doing well, businesses are still cautious and we are in a global economy and a lot of u.s. companies today, depend on sales overseas. the u.s. is doing better, but overseas europe is trying exit recession and china is growthwt rate slowing, brazil is facing pains. and even if the consumer is doing better, overseasea is sti
>> so 2% economy. do you think the market is ahead of itself knowing we are in a 2% grower? >> personally, i don't think so, the phrase we have been using is tina, there's no alternative. and i agree with rebecca, that you are not in a situation where you are going to be getting high real rates from bonds. i think the back up in bond yields was a reminder that you can lose money, particularly in bond funds.s. so it's a very strong environment. i think, it's a strong reminder that...
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Jun 15, 2013
06/13
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CSPAN2
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and fixing broken politics and fragile economy. and a former reporter for reuters in moscow investigate russian president vladimir putin's rise to power and his impact on russia's political system in fragile empire:how russia fell in and out of love with vladimir putin. rewired digital cosmopolitan in the age of connection, media scholar even zuckerman argues the internet is creating a social disconnect and offers solutions to create more connected global community. look for these titles in bookstores this coming week and watch for the authors in the near future on booktv and on booktv.org. >> what are you reading this summer? booktv wants to know. >> i have a lot of history and biography that i am reading. book i am reading currently and half way through is called indispensable:it is a book by a harvard professor, it is an excellent book, basically has this leadership filtration theory where there are filters, well-known politicians who show up in the ranks and others who are obscure and come for through the are unpredictable as a
and fixing broken politics and fragile economy. and a former reporter for reuters in moscow investigate russian president vladimir putin's rise to power and his impact on russia's political system in fragile empire:how russia fell in and out of love with vladimir putin. rewired digital cosmopolitan in the age of connection, media scholar even zuckerman argues the internet is creating a social disconnect and offers solutions to create more connected global community. look for these titles in...
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Jun 16, 2013
06/13
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CNBC
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this is not a -- it's a 2% economy, and not going to create enough jobs with this level of economy to get out of the sevens. >> so, 2% economy. do you think the market is ahead of itself, knowing that we're in a 2% growth? >> i don't think so. the phrase we've been using is tina. there is no alternative. i also agree with rebecca you're not in a situation where you're going to be getting very high yield rate from bonds. the backup is a good reminder you can lose money, particularly in bond funds. so, it's a very strong environment, i think, very strong reminder that equities are very important part of the total return that investors are seeking. >> one of the good things he ó it not coming down quickeñ consumers doing well, businesses cautious, and we're in a global economy and a lot of u.s. companies today depend on sales joest assess. the u.s. is doing better but overseas, europe is still struggling with the recession, china's economy is growing, markets are face something pains right now, and even if the consumer is doing better, overseas still a little bit tricky, and that affe
this is not a -- it's a 2% economy, and not going to create enough jobs with this level of economy to get out of the sevens. >> so, 2% economy. do you think the market is ahead of itself, knowing that we're in a 2% growth? >> i don't think so. the phrase we've been using is tina. there is no alternative. i also agree with rebecca you're not in a situation where you're going to be getting very high yield rate from bonds. the backup is a good reminder you can lose money, particularly...
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Jun 22, 2013
06/13
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KQED
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i believe the economy is grow with that rate. it's not a problem for the housing market and of course, the housing market is key for the growth in the economy but housing is still extremely affordable at record rates in terms of affordability. it would take rates going much higher before we saw that, you know, really affect or impact the housing market. >> viewers have their pencils ready and a couple stocks are banks, one big, one somewhat smaller. let's start with the big one, which is citi group. >> okay. we focus on fundamentals and the fundamentals are very positive for citi group. there is several positive factors favoring citi group. improvement in the capital market activity and citi group benefits from the real estate market. in fact, they are going to be releasing 8.57 -- $8.5 billion in reserves so that will be a strong tail wind this year. on top of that the evaluation is very attractive. the stock is selling at 63% of book, a low pe ratio and i think the stock could get up to book value. >> i would assume housing wou
i believe the economy is grow with that rate. it's not a problem for the housing market and of course, the housing market is key for the growth in the economy but housing is still extremely affordable at record rates in terms of affordability. it would take rates going much higher before we saw that, you know, really affect or impact the housing market. >> viewers have their pencils ready and a couple stocks are banks, one big, one somewhat smaller. let's start with the big one, which is...
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Jun 17, 2013
06/13
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CNBC
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a year as much as 10 billion pounds in the uk economy. there are some concerns that the french might scoff at this because they want exceptionalism for their enterprises. elsewhere, some form of deal on tax evasion could be on the agenda. they're trying to get companies and individuals globally to have some sort of register of interest which will cut down on that avoidance and evasion well. shinzo abe in town explaining once again how japanese abenomic policies are aimed at the domestic economy and not destabilizing global currency markets, although it is noticeable ahead of this meeting there's been less rhetoric against the japanese than there was ahead of the recent g-20 which i attended in moscow. it's all to play for still here over the next 48 hours, ross. back to you. >> all right. that's steve with the latest from northern ireland. >>> u.s. markets after being down three out of the last four weeks called higher this morning at the hope as far as futures are concerned. the s&p 500 currently around 40 points. the nasdaq is about 31
a year as much as 10 billion pounds in the uk economy. there are some concerns that the french might scoff at this because they want exceptionalism for their enterprises. elsewhere, some form of deal on tax evasion could be on the agenda. they're trying to get companies and individuals globally to have some sort of register of interest which will cut down on that avoidance and evasion well. shinzo abe in town explaining once again how japanese abenomic policies are aimed at the domestic economy...
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Jun 23, 2013
06/13
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FBC
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we have lot was federal entities telling us that stimulus and it makes the economy groechlt they say we are safer here. i continuing is an embarrassment and sends a message around the worl that the champion of liberty is move nothing the wrong direction and a bad step for the united states. >> steve, isn't there a dger of sitting back and letting the government decide >> one of the legitimate functions of government is protectings from external enemies and e constitutiowas written by framers who unrstood that governments that protect you can abuse you. take it out on the government. rich hit on something. if the company has in writing certain ord or request and the statute is cited, the company is obligged to do it. if you don't like the law change the law. >> we want to stop thead guy companies can stop the government saying we are getting a ton of lawsuits on our doorsteps and in india, they are allowing tax officials with access to google d facebook data. >> the irs is different. >> india is pressuring to have government officials on-site at research in motion. >> by the way, hold
we have lot was federal entities telling us that stimulus and it makes the economy groechlt they say we are safer here. i continuing is an embarrassment and sends a message around the worl that the champion of liberty is move nothing the wrong direction and a bad step for the united states. >> steve, isn't there a dger of sitting back and letting the government decide >> one of the legitimate functions of government is protectings from external enemies and e constitutiowas written...
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carlos slim it was the same response how he didn't compromise i'll get his take on the state of the economy in the u.s. do is he's very important not only for the americans but for everyone in the war and how america can catch up to china i think. is a great example of what you need to do plus how do you avoid spoiling children i gave them the investment account of they've been there for years why because they don't this time that they should not have things just to have things that's next on larry king now. welcome to larry king now very special edition tonight were my home in beverly hills and our special guest is carlos slim to slim is a dear friend a self-made entrepreneur he's been named forbes magazine richest man the world's fourth year in a row his latin american mobile telecom outfit american mobile remains his most valuable holding his many ventures include mining banking real estate restaurants hotels and of course a digital network called for a media so he said he's comfortable in this setting. why why did you why did you invest in me and this we invest in larry king which is cl
carlos slim it was the same response how he didn't compromise i'll get his take on the state of the economy in the u.s. do is he's very important not only for the americans but for everyone in the war and how america can catch up to china i think. is a great example of what you need to do plus how do you avoid spoiling children i gave them the investment account of they've been there for years why because they don't this time that they should not have things just to have things that's next on...
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Jun 20, 2013
06/13
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FBC
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>> the economy is healing. we are seeing a very modest recovery that has lasted as long as most recoveries and potentially collapse along because it has been some modest. this shows a lot of basically capacity in the system and the fact is real-estate is recovering very late in the cycle which is unusual, it is usually the beginning of a cycle and that is one of the things that is helping to begin to turn to extend this recovery longer. dennis: peter schiff -- you have been telling us for years to buy gold and gold is down 27% or 30% from its recent highs, why is gold down today? why is it not a safe haven when stocks are plunging? >> people and making the mistake by selling their goal. doesn't only goal of. people doing the wrong thing, people are misinterpreting what is happening in the economy like your guest is. the economy is not recovering. it is in worse shape than it was before the fed began this crazy experiment. always manage to do with record amounts of stimulus is blow a little air back into a defla
>> the economy is healing. we are seeing a very modest recovery that has lasted as long as most recoveries and potentially collapse along because it has been some modest. this shows a lot of basically capacity in the system and the fact is real-estate is recovering very late in the cycle which is unusual, it is usually the beginning of a cycle and that is one of the things that is helping to begin to turn to extend this recovery longer. dennis: peter schiff -- you have been telling us for...
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Jun 19, 2013
06/13
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CNBC
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one is the market and the other is the economy. the economy i would even earnings. so the economy has been slow. earnings have been zero growth year after year. that's what is really going on. the markets are of course trying to be forward looking in recent days with the huge backup in bond yeelgds it's as if the market is pricing a recovery that's not there. the market will be in for a big correction. >> john, great to speak with you. thanks for your time. >> thank you. >> john brynjolfsson. let's hit our top three trades for tomorrow. oracle. fourth quarter results after the bell tomorrow. what about all the recent cuts in it spending dr. j.? >> larry probably cracked the whit and i think this won't be a disappointing quarter. however, guidance, that's where i worry we'll get disappointment from larry and mr. hurd as well. i think they're going to have a positive number but i don't know if it will be enough to carry the stock up. >> may existing home sales out at 10:00 a.m. eastern. >> you had a lot of weight on the building stocks, home builders today. i think yo
one is the market and the other is the economy. the economy i would even earnings. so the economy has been slow. earnings have been zero growth year after year. that's what is really going on. the markets are of course trying to be forward looking in recent days with the huge backup in bond yeelgds it's as if the market is pricing a recovery that's not there. the market will be in for a big correction. >> john, great to speak with you. thanks for your time. >> thank you. >>...
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Jun 15, 2013
06/13
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CNNW
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how does this affect the economy in the long run? >> let's take something like an auto or pharmaceutical company, they spent 20 to 25% of their revenues on research and development. so if a chinese company can come in and hack and steal that pill or process, basically they saved that amount and it creates a competitive advantage that steals american jobs. that's one example. the second example, and this is one documented with chinese hackers, they went in and probed the networks of these oil companies to look at the bids for oil so they could undercut the bids. and another one, google, google goes over to china, and it establishes a very strong presence there and gets something like 70% of the market share, and then the chinese government decides we are not going to let that happen and they go in and hack the source code, and then >> let me ask you, what do you think the president should do? what do you think the administration should do? because we've had year after year of these strategic economic dialogues with where there's a lot
how does this affect the economy in the long run? >> let's take something like an auto or pharmaceutical company, they spent 20 to 25% of their revenues on research and development. so if a chinese company can come in and hack and steal that pill or process, basically they saved that amount and it creates a competitive advantage that steals american jobs. that's one example. the second example, and this is one documented with chinese hackers, they went in and probed the networks of these...
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Jun 17, 2013
06/13
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CNBC
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eye 100
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on the economy for example. so the "new york times" ran a piece over the weekend, they were basically saying the new normal of sluggish growth now over and we should get much more optimistic about the economy. and then you hear today that the fed is possibly going to down grade its own estimates this week at the meeting and that will become the main focus. >> with all due respect to the people who work at the fed, they are notorious for faulty estimates, if you would. and so you can't have it there but there is an old anecdote about somebody helping plan d day invasion and he was a meteorologist and he kept say i don't go want to give you anymore reports because i think it's no better than a 50/50 shot and the general said send it in any way, we need it for planning. so even though something is inferior, people keep looking to it. >> and just briefly, i know in the last couple weeks we've been trading off different things. first it was what was happening in japan and the yen, then what was happening here in the
on the economy for example. so the "new york times" ran a piece over the weekend, they were basically saying the new normal of sluggish growth now over and we should get much more optimistic about the economy. and then you hear today that the fed is possibly going to down grade its own estimates this week at the meeting and that will become the main focus. >> with all due respect to the people who work at the fed, they are notorious for faulty estimates, if you would. and so you...
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Jun 19, 2013
06/13
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FBC
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overall it has been down, they are cost-cutting it ll help the bottom line, economy showing some life. if you have been o a plane they ar jam-packed. neil: how can that be pleasant? jared, i know you don't kno what commercial flying is, but how can it be pleasant? >> i am just not, i am a new pilot. i fly privately. neil: listen to you. >> no, no, i wish i could live the life capin of a major airline 30 years a. you getn plane now, it is like a cattle ride, we have gotten okay with that, but i don't think that buying an airline is a gd investment, they are bound by the price of oil, the areutting costs yes, they are making planes more fuel efficient, but again this is predicattd onil and communication tha changes. neil:ut, do you buy that ople are happier with this experice, i do not. >> no. neil: ink they are interviewing zombies. >> thelane is full. neil: you could have a blaine full of zombies. >> no matter wat you carry, buy the stock, demand it there. >> okay. >> housing starts? you have who to wonder -- you have to wonder with latest housing data. they a still up, 7 7% over last
overall it has been down, they are cost-cutting it ll help the bottom line, economy showing some life. if you have been o a plane they ar jam-packed. neil: how can that be pleasant? jared, i know you don't kno what commercial flying is, but how can it be pleasant? >> i am just not, i am a new pilot. i fly privately. neil: listen to you. >> no, no, i wish i could live the life capin of a major airline 30 years a. you getn plane now, it is like a cattle ride, we have gotten okay with...
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left pocket they first have to take out of the economy's right pocket so that's the short run problem with keynesian economics the long run problem is when do they actually impose the fiscal discipline themselves thought that the government should run deficits when the economy is weak but then run surpluses when the economy is strong so in theory you could be a small government keynesian in reality though keynesianism simply tells politicians that their vices are virtue you leg overspending well here's a theory that tells you that you're doing the right thing and that's why whenever we look at so-called keynesian stimulus throughout. history the politicians love the part about spending more money but they never get around to the part about being frugal and restraining the growth of spending when times are good which is why of course all these countries all around the world are getting into very deep trouble because they never get to the long run rate and it seems as though that the i.m.f. is backing up its support for austerity and i mean why is the significance of this and why it. an
left pocket they first have to take out of the economy's right pocket so that's the short run problem with keynesian economics the long run problem is when do they actually impose the fiscal discipline themselves thought that the government should run deficits when the economy is weak but then run surpluses when the economy is strong so in theory you could be a small government keynesian in reality though keynesianism simply tells politicians that their vices are virtue you leg overspending...
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Jun 16, 2013
06/13
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CNN
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we're a global open economy. what happens in china and europe will certainly matter for our outlook as well. >> for most of the people watching us rights n now, their house or job is how they create wealth, not a big investment portfolio. talk to me about those two things. for someone watching me now, i have no control over china or ben bernanke, how can regular people make money right now or protect their money? what do you tell people? >> a great question to ask. housing is a big part of that. we're seeing real signs of life in the housing market. quite encouraging. last year, home prices up about starting to see that appreciation is very powerful in terms of building back household wealth, fueling consumer spending and helping to support overall confidence. >> do you agree? >> the first time in consumer positive. you get a lot of people very regressive, americans are fed up with that, getting on with their life and things they own are going up in price. housing prices could go up 10 to 15%. it could be phenome
we're a global open economy. what happens in china and europe will certainly matter for our outlook as well. >> for most of the people watching us rights n now, their house or job is how they create wealth, not a big investment portfolio. talk to me about those two things. for someone watching me now, i have no control over china or ben bernanke, how can regular people make money right now or protect their money? what do you tell people? >> a great question to ask. housing is a big...
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further stated that immediate spending cuts would likely slow the economy you can we just talk about what is the difference between short term and long term effects on the economies this seems like something people are taking into effect term consequence is that keynesian economic theory is very much fixated on what's happening in the economy in the short run and they think that the government by spending money or to be fair sometimes they say by cutting taxes but the whole thing is they want the government somehow to put money in people's pockets so that those people who then go out and spend the money but what they conveniently overlook is where does the government get the money in the first place if it's going to send everybody a check for five hundred dollars obviously it has to borrow that money from the private sector so anything that they came the answer putting in the economy's left pocket they first have to take out of the economy's right pocket so that's the short run problem with keynesian economics the long run problem is when do they actually impose the fiscal discipline
further stated that immediate spending cuts would likely slow the economy you can we just talk about what is the difference between short term and long term effects on the economies this seems like something people are taking into effect term consequence is that keynesian economic theory is very much fixated on what's happening in the economy in the short run and they think that the government by spending money or to be fair sometimes they say by cutting taxes but the whole thing is they want...
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wrath of the wall street journal he korea correctly states that the fed has overestimated how fast the economy would grow and every year since the financial crisis the implication is that the fed might not wind down q.e. asked in this thought and that's not the only indictment from the w. j. they surveyed surveyed forty economist on why wong term interest rates recently spiked twenty six of them said as chairman bernanke and co in his tapering talk the survey also found that recent hands of scaling down at the eighty five billion dollars per month q.e. program has kept a few market participants the averages survey grade for communication on a scale of one to one hundred sixty two nearly half a by most academic standards and the latest housing data released this morning by the national association of home builders was the strongest print sense two thousand and two and the first time it's been positive it says two thousand and six that's when the last housing bubble was in full effect the bottom line home prices are getting more expensive and so are mortgages thanks to rising interest rates so y
wrath of the wall street journal he korea correctly states that the fed has overestimated how fast the economy would grow and every year since the financial crisis the implication is that the fed might not wind down q.e. asked in this thought and that's not the only indictment from the w. j. they surveyed surveyed forty economist on why wong term interest rates recently spiked twenty six of them said as chairman bernanke and co in his tapering talk the survey also found that recent hands of...
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Jun 23, 2013
06/13
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KNTV
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the past and governments everywhere in the world are fighting for those jobs because very often the economies are down and manufacturing generates a lot of jobs. it's not just united states trying to find ways to bring jobs back. and you know as relates to the comment about google or whoever it is, what you're seeing is a lot of innovation in silicon valley. some of these products want to keep close to home. they want the design -- the whole notion to consumption cycles to be tighter. >> that's interesting because design is so -- mentioned it might be built in texas so -- >> mike, you said more than once, protecting your ip, keeping it onsthor. i assume we're not going to name the country that we're worried about. if i say i want you to manufacture this device for me and you choose to do it in that country, are you saying that my ip would be somehow in danger? i want to stay within the flextronics building? >> it's something people think about. what i think what's more driving is the innovation of the consumption cycle. because of the companies you just mentioned like the google q an example.
the past and governments everywhere in the world are fighting for those jobs because very often the economies are down and manufacturing generates a lot of jobs. it's not just united states trying to find ways to bring jobs back. and you know as relates to the comment about google or whoever it is, what you're seeing is a lot of innovation in silicon valley. some of these products want to keep close to home. they want the design -- the whole notion to consumption cycles to be tighter. >>...
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Jun 20, 2013
06/13
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CNBC
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the other emerging economies are essential flat. singapore has relatively honest statistics tissues like other developed countries and oh, emerging economies. >> you've been quoted as saying that you are personally buying gold as well as gold stocks. when you look at the selloff across the board, across asset classes including gold, does that make you question the performance of this particular asset class given the market environment? >> yes, correct. technically commodities look horrible. in particular, also industrial commodities, precious metals also look bad. but some technical factors would suggest that we are approaching at least an intermediate low because the commercials which are essentially hedgers, they are people that produce gold and so continuously hedge at the present time they have an extremely low short exposure. in other words, basically they're accumulating gold. secondly, gold is close to $1300 compared to, say, $700 in 2008, the conditions in the mining industry are horrible. the exploration companies are runni
the other emerging economies are essential flat. singapore has relatively honest statistics tissues like other developed countries and oh, emerging economies. >> you've been quoted as saying that you are personally buying gold as well as gold stocks. when you look at the selloff across the board, across asset classes including gold, does that make you question the performance of this particular asset class given the market environment? >> yes, correct. technically commodities look...
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wrath of the wall street journal he korea correctly states that the fed has overestimated how fast the economy would grow and every year since the financial crisis the implication is that the fed might not wind down q.e. after this thought and that's not the only indictment from the def you guys jay they surveyed surveyed forty economist on why wong term interest rates recently spiked twenty six of them said as chairman bernanke and cohen is tapering to og the survey also found that recent hands of scaling down at the eighty five billion dollars per month q.e. program has kept a few market participants the averages survey grade for communication on a scale of one to one hundred sixty two barely half a by most academic standards and the latest housing data released this morning by the national association of home builders was the strongest print sense two thousand and two and the first time it's been positive as two thousand and six that's when the last housing bubble was in full effect the bottom line home prices are getting more expensive and so are mortgages thanks to rising interest rates s
wrath of the wall street journal he korea correctly states that the fed has overestimated how fast the economy would grow and every year since the financial crisis the implication is that the fed might not wind down q.e. after this thought and that's not the only indictment from the def you guys jay they surveyed surveyed forty economist on why wong term interest rates recently spiked twenty six of them said as chairman bernanke and cohen is tapering to og the survey also found that recent...
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Jun 17, 2013
06/13
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KPIX
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. >>> meanwhile, across the pond they are talking the global economy. the g8 summit is under way in northern ireland, but it's not all about monetary policy. cbs reporter tara mergener on the discussions expected on u.s. wiretapping and syria. >> hello, everybody. >> reporter: president obama and british prime minister david cameron visited a northern ireland school where students are learning about the g8 summit. >> i think i just went outside the lines. >> reporter: but soon, the president and his counterparts turned their attention to the global economy. >> i'm pleased to join these leaders to announce the launch of negotiations on a new trade agreement. >> reporter: the economy is not the only topic at the g8. the civil war in syria is expected to dominate talks including president obama's meeting with russian president vladimir putin. russia supports bashar al-assad and sells him weapons. putin opposes president obama's plan to give military assistance to rebel forces trying to overthrow the government calling the fighters barbarians. >> are these
. >>> meanwhile, across the pond they are talking the global economy. the g8 summit is under way in northern ireland, but it's not all about monetary policy. cbs reporter tara mergener on the discussions expected on u.s. wiretapping and syria. >> hello, everybody. >> reporter: president obama and british prime minister david cameron visited a northern ireland school where students are learning about the g8 summit. >> i think i just went outside the lines. >>...
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Jun 20, 2013
06/13
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FBC
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so-so revenues, but analyst called it a turn around in a sign maybe the global economy is turning ? >> i do not agree. i think when revenues drop, there are all sorts of ways that customers as we've seen, that can impact the bottom line, by one, just being mere efficient. -- more efficient, but what a revenue drops with a fedex or ups that is a sign of the economy not only flat lining but continuing to slide down, that is why i think that we're going to be in trouble. you know come next few months. neil: dave, top line thing begins top out, watc watch out. >> a good news-bad news thing with them, revenue was up a little bit but not to expectations, and on that front, i would say, yeah that is not a good signal about the economy. not a big beats. neil: but. down a broad. -- abroad. >> it was down. neil: speaking of a quagmire not getting any less qaagi e . >> you are right. >> here is the thing. using technology to drive costs out. the math they continue to do that, that is a good sign because everything needs to do that. neil: all right, if at first you don't succeed find a better w
so-so revenues, but analyst called it a turn around in a sign maybe the global economy is turning ? >> i do not agree. i think when revenues drop, there are all sorts of ways that customers as we've seen, that can impact the bottom line, by one, just being mere efficient. -- more efficient, but what a revenue drops with a fedex or ups that is a sign of the economy not only flat lining but continuing to slide down, that is why i think that we're going to be in trouble. you know come next...
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Jun 18, 2013
06/13
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FBC
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housing continues to be a bright spot on our economy. homebuilder seiment jumping to the hiest level in seven yes. gold dropping four and a half dolls to $.83 per ounce. crude oil flat settng just under $9per barrel. the bond market, the yield on the ten year re to its just over 2%. developments in the irs scandal. irs supervisor in washington d.c. aitting she was personally iolved in the viewing of some of the earliest applicatio for tea party groups who wer seeng tax-exempt status,ncludingdozene neglected f more than aear somehow. her testimo to congressional investigators directly contradicts claims by the internal revenue service leaders just a small group of agents in cincinna where the only ones responsible for the targeting of the tea party and conservative groups. and a cincinnati-based irs agent confirms pro-israel groups were also targeted -- well, treated differently from other applications that think is a way that theput it. he says, those requests were routely routed to a unit that examines groups for potenal terrorist ties.
housing continues to be a bright spot on our economy. homebuilder seiment jumping to the hiest level in seven yes. gold dropping four and a half dolls to $.83 per ounce. crude oil flat settng just under $9per barrel. the bond market, the yield on the ten year re to its just over 2%. developments in the irs scandal. irs supervisor in washington d.c. aitting she was personally iolved in the viewing of some of the earliest applicatio for tea party groups who wer seeng tax-exempt...